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Strategies & Market Trends : The 56 Point TA; Charts With an Attitude -- Ignore unavailable to you. Want to Upgrade?


To: bruce-l who wrote (33327)1/5/2000 11:19:00 PM
From: Doug R  Read Replies (1) | Respond to of 79202
 
Bruce,

In that it takes 3 days of activity to hit the paste scan, it's very interesting to see the ratio climb over the last 3 days.

Doug R
PS; unable to enter the data you sent into Parity...it's probably something simple though. Working on it.
EDIT: GOT IT! Now THIS is interesting. Will post on the profile in a bit. Thanks.



To: bruce-l who wrote (33327)1/6/2000 12:04:00 AM
From: Doug R  Read Replies (1) | Respond to of 79202
 
Bruce,

One item that would come in handy on the ratio entries you've been posting would be the proxy volume data for each day.

TIA,
Doug R



To: bruce-l who wrote (33327)1/6/2000 12:30:00 AM
From: Doug R  Respond to of 79202
 
Ok...initial take on the 3 dRSI of the 3 dRSI paste/antipaste ratio:

It's basically looking like we'll see a technical bounce followed by a slightly lower low on the avgs. That'll be the bottom. It's basically nearly over.
I put a 3 dRSI on it and it sets up tricks like clockwork. The technical bounce about to occur is a result of the hitch just put in after a 9 day paste on the ratio. The hitch tops out as the first bottom in prices is put in. Then as the hitch pulls down, prices move up. A few days after the 3 dRSI on the ratio hits the bottom of the pullback from the hitch, prices drop again as the indicator runs up toward a hitch bo and prices take off on the bo.
We're going to see about 3 up days and a roll over
The signal line will be set and then it's another 3 to 5 days to start the move to the price bottom. If the naz gaps down tomorrow...that'll be a good place to buy for a few days.
The overall worst case bottom could get as low as the 3400 area, give or take 50 points on the Naz.
Not as bad on the Dow and S&P 500.

Doug R